Form 4: Werner Enterprises Exec VP Jim Schelble Reports Stock Transaction

Jim Schelble, Exec VP & Chief Admin Officer of Werner Enterprises, reports disposition of shares to cover tax obligations related to vesting restricted stock.

Summary

• On February 23, 2024, Jim S. Schelble, Exec VP & Chief Admin Officer of Werner Enterprises Inc., disposed of 598 shares of common stock.
• The transaction was to cover tax withholding obligations related to the vesting of 1,293 shares of restricted stock granted on February 23, 2023.
• The shares were disposed of at a price of $40.72 per share.
• Following the transaction, Schelble directly owns 73,676.438 shares of Werner Enterprises Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction related to tax obligations, indicating a neutral sentiment.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation packages and tax obligations. This filing provides transparency into the holdings and transactions of a key executive at Werner Enterprises.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares disposed of by an executive.
• The transaction ensures the executive meets their tax obligations related to their compensation.

Key Dates